DeFi Platforms Aerodrome And Velodrome Detect Front-End Breaches; Funds Movement Tracked
Summary:
Decentralized finance platforms, Aerodrome and Velodrome, reported compromises on their front ends on November 28. They advised users to avoid interaction while they investigate the matter. A user has noted the movement of approximately $40,000, tracked back to two wallet addresses. According to DefiLlama, Aerodrome and Velodrome have a total locked value of $63.59 million and $139.73 million, respectively. Further updates are expected as the investigation continues.
On November 28, two decentralized finance (DeFi) platforms, Aerodrome and Velodrome, disclosed breaches involving their front ends. Both entities sent out bulletins on X (previously known as Twitter), indicating that their front ends had been violated and urged their clientele to refrain from engaging with the platforms while further probes were in progress.
"We have observed a compromise on our front end at Aerodrome. We request users to disengage from any sort of interaction with us until further notice. Our team is diligently working on it and will bring more updates as soon as possible," Aerodrome (@aerodromefi) tweeted on November 29, 2023.
In a similar announcement, Velodrome (@VelodromeFi) wrote on November 29, 2023, "Our front end has encountered a breach. We highly recommend our user base to halt any form of interactions with Velodrome for the meantime. Investigations are ongoing, and we will keep you updated as we discover more."
An X user has pinpointed that funds summing roughly $40,000 seem to be moving and can be tracked to two unique wallet addresses. This was concluded based on the movements associated with the wallets 0x02BA13f39D7df9C3F7592257b636eD6C7CC4ae78 and 0xf64fCEdFCe714Bbe835761e54D7067f2f8231443 - as revealed by ZachXBT (@zachxbt) on November 29, 2023.
DeFi data tracker, DefiLlama reported that the total locked value on Aerodrome is approximately $63.59 million, whereas, on Velodrome, it stands at $139.73 million. More information on this ongoing incident will be updated as and when available.
Contributory reporting was done by Arijit Sarkar.
In related news, the individual responsible for the KyberSwap hack has put forth a reward of $4.6M for the recovery of the stolen $46M.
Published At
11/29/2023 9:56:17 AM
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